Seeking Alpha

Orchid Island prices huge secondary at $12.55 each

  • The offering was downsized from 4M shares and a 600K share greenshoe to 3.2M and 400K. Still, the share sale will double the float.
  • ORC -3.6% premarket to $12.46.
  • Press release
Comments (3)
  • mjacy
    , contributor
    Comments (5) | Send Message
     
    RETIRED.LIKE TO WATCH MY STOCKS DAILY. BEEN IN THE MARKET SINCE 1979. HAVE MADE AN LOST MONEY. STILL LEARNING BUT FUN DOING IT. IT KEEPS ME OCCUPIED. MOSTLY AN INCOME TRADER AS I HAVE A SMALL PENSION AS A MEAT CUTTER. DO NOT LIKE OR USE TWITTER,FACEBOOK OR LINKED.
    19 Mar 2014, 02:56 PM Reply Like
  • AdamDivy
    , contributor
    Comments (417) | Send Message
     
    Are you talking about (ORC) at all? (somewhat confused)
    19 Mar 2014, 03:05 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (2494) | Send Message
     
    He doesn't seem to be. Got any thoughts on this huge secondary?
    20 Mar 2014, 12:13 PM Reply Like
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